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Accounting Manager

Qibla, Kuwait City, Kuwait
October 17, 2019

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Most Recent Employer: Re Drinks for General Trading and Cont Co Experience: 18 years

Most Recent Position: Manager - Financial Planning & Reporting Most Recent Education: Post Graduate Diploma In Business Administration Visa Status : Transferable

Current Location: State of Kuwait


A competent professional with 18+ years of experience in P & L Management, Accounting and Audit Management, Financial Reporting and Financial Analysis, Cash Flow & Budgeting, Receivables and Payables Management, Admin and HR functions. Currently working with Re Drinks for General Trading and Cont Co ( A subsidiary of Acquire General Trading and its subsidiaries (Magnolia Bakery Restaurant Co and Sadeer Farms) a company which is in the business of Operating and Franchising chain of hotels and restaurants in Kuwait and Middle East .


1. Manager - Planning & Reporting: 01st April 2018 to Present a. Planning, organizing, directing, controlling and evaluating the operation of an accounting & financial department.

b. Internal & External Audit Management .

c. Carry out all the Banking activities of the Company. i.e.: Bank Account opening, Facilities and Loan management, Internal & External Transfer processing, Payroll Management, Standing Order processing, LG & LC Processing etc. d. Develop and implement the financial policies, systems and procedures for the company. e. Preparation of Financial Statements, Cost - Benefit Variance Analysis, Actual vs Budget Analysis.

f. Cash Flow and Fund Flow management.

g. Co-ordinate the financial planning and budget process, and analyze and correct estimates for the department and company.

h. Preparation of Feasibility Studies and implementation of financial simulation models. i. Oversee and Supervise staff accounting staff.

j. Act as liaison between the Organization, Management and its stakeholders. k. Manage profitability standards for investment activities and projects. l. Evaluate & Report to Senior Management concerning any trends / activities that are critical to the organization's financial performance. 2. Management Analyst : 1st Nov 2010 - 31st March 2018 : Acquire General Trading and Cont Co Kuwait.

a. Perform financial planning by preparing feasibility studies for the company’s new projects. Analyze the key performance indicators for the success of the projects. Provide necessary advice on the managerial methods and organization structure. b. Internal and External Audit Management. Handling Tax filing & Government reporting. c. Development and maintenance of accounting system, policies and procedures. d. Maintain various reports in compliance as per company and industry standards. e. Management inventory, cash flow & fund flow management, treasury management. f. Analyze financial statements of various Companies brands in terms of profitability, financial status, cash flow and segments with actual results with plans and forecasts. g. Management of companies banking activities.

h. Receivables, Payables and records management.

i. Administer and implement and all financial actions, and instructions to ensure appropriate management.

j. Improves financial status by analyzing results; monitoring variances; identifying trends; recommending actions to management.

k. Assist various departments in budget formulation, cost estimation and administer all budget request evaluation and prepare appropriate reports. l. Attend necessary meetings, schedule correspondences and facilitate interpretation of fiscal policies and systems.

m. Reconciles transactions by comparing and correcting data. n. Maintains database by entering, verifying, and backing up data. o. Protects operations by keeping financial information confidential. p. Contributes to team of Finance, HR, Legal and Admin department’s effort by accomplishing related results as needed.

3. Sr. Accountant: October 15th 2007 – October 31st 2010: Agility Logistics Ltd a. Assist in Monthly closing process. Monthly closing of AP and AR. b. Reconciliation of Project based revenue and Expenditure and preparing the synergy report and submitting the same to the different business units of Agility. c. Accrual accounts reconciliation of various projects of Agility Defense and Government Services. Reconciliation of Intercompany accounts and Circulation of all intercompany reconciliations at the month for different business units and divisions.

d. Reconciliation of Payroll accounts, leave and indemnity and employee deductions and Travel accounts.

e. Interact with Internal, External and DCAA Auditors in completing audits. Assist in preparation of necessary audit schedules and balance confirmations f. Process necessary customer’s payments through Middle East Netting and Euro Netting System.

g. Analyze Hyperion Management report of the DGS intercompany at the month end. Provide necessary support on consolidation of Hyperion Management report. h. Make necessary provisions and monitor month end accruals and prepayments. Also monitor the employee deductions and accruals on time to time basis. i. Provide assistance departmental personnel with questions, proper expenditure coding, document processing and any other accounting related activities as per nature of project.

Professional Training received at Agility Defense and Government services. Hyperion management report. (HFM)

Middle East netting system.

Euro netting system.

Accounting at Cost Point accounting system and Oracle. 4. Sr. Accountant- Finance and HR: 2nd October 2004 to 14th Oct 2007, Orbit Satellite Television and Radio Network; State of Kuwait.

a. Preparation of the various accounting input documents like: Accounts Payable Voucher, Cash Receipt Voucher, Bank Payments, Cash Payments, JV’s, Debit and Credit with all the applicable supporting documents.

b. Verifying the accuracy of all documents including correct account code allocations. c. Reviewing and posting all data inputs into general ledger. d. Preparing reconciliation statements for all balance sheet and revenue items. e. Preparation monthly trial balance, profit and loss account and balance sheet for the operation.

f. Daily cash balance reporting and updating accounts payables regions. g. POS Terminals Reconciliation on Daily /Weekly basis. h. Daily reconciliation of cash /Credit card /Payment Gateway/Amex Transactions. Preparing Bank Reconciliation statements on Weekly and monthly basis. i. Preparing Inter Company Reconciliation / Maintaining accruals and prepayments. j. Maintaining Dealer accounts and statements.

k. Payroll Preparation, Overtime calculation, leaves accruals and leave salary. l. Maintaining and updating all personal records of employees. m. Preparing monthly headcount report / Leave Report / Business Travel report of the organization.

n. Other Financial and accounting functions as required day to day basis. 5. Sr. Executive (Finance and Admin): 1st March 2003 to 15th June 2004 Valley Peace Pvt Ltd ( Mangalore India

a. Attending to all regular financial matters concerning the Company.(Bank, Clients, partners and associates), preparing the month end reports, Budgets, Variance Analysis, Bank Reconciliations.

b. Assisting and reporting to the Managing Director in all aspects of planning and implementation processes of the company.

c. Responsible for overseeing, implementing plans and co-coordinating all departments of the head office (Personnel, Finance, Correspondence, Filing, Maintenance and Dispatch) d. Overseeing the development and maintenance of office accounting system and procedures.

e. Formulating various HR policies and compensation management, interviewing, short listing and drafting a detailed interview report.

6. Manipal IT Education: Part Time Teaching Faculty: for MBA students : From June 2003 – Feb 2004; Mangalore India.

7. Corporate Financial Analyst: 19th March 2001 to 05th Feb 2003, Thomson Financial currently known as Thomson Reuters - ( Bangalore India. a. Analyze financial statements of various US Companies in terms of profitability, financial status, cash flow and segment analysis

b. Reconciliation of Pro forma and US GAAP statements c. Provide critical financial and non-financial information about IPO Companies d. Evaluate asset allocations across countries, industries and sectors e. Provide first hand information from various company press releases about the latest developments such as Acquisition, Disposal, Merger etc. f. Handling of queries from internal and external clients g. Maintain various reports in compliance with ISO standards h. Ensuring qualitative and quantitative targets are met on daily/weekly/monthly basis i. Consolidation of Team’s Service Level Agreements with various departments j. Involved in preparation of Analyst’s work instruction manual k. Active participation in Thomson Creativity Group 8. Trainee Data Administrator: Nov 2000 to Jan 2001 Eduquity.Com Pvt Ltd, Bangalore India. Involved in assisting a group of Research Psychologists in designing an Aptitude Test.

9. Assistant Manager cum Accountant: Jul 1998 to August 1999: IDEAL TRUST ® Mangalore India.

a. Maintaining Books of accounts, Bank Statements, Budgeting & Taxation activities. b. Handled Recruitment, Selection, Training, and Payroll & Manpower planning activities. c. Responsible for shop floor production activities - Procurement of Raw materials & Orders, Follow up on Orders, Generating Production reports, Sales Reports. d. Marketing In charge & responsible for timely delivery of goods. B. PROFESSIONAL EDUCATIONAL QUALIFICATION

1. Post Graduation in Business Administration (MBA) specialized in Finance and Human Resources Management) Mount Carmel Institute of Management Bangalore India. 2. Bachelors in Business Management (BBM) with specialization in Finance and HR, St. Agnes College Mangalore. India.

3. Currently Pursuing CMA (Cost Management Accounting from IPFC – affiliated to IMA USA)

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